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Friday, 10/31/2014 7:46:46 AM

Friday, October 31, 2014 7:46:46 AM

Post# of 432968
so…at the end of the day…I don't think I had realized that the Huawei arbitration itself …. is for a non-China sales rate

… which could then work back in to a global resolution….outside of arbitration?


Eugene Fox - Cardinal Capital Management LLC

Okay. Last question from me. Huawei arbitration is what is really the subject the arbitration is at all of their sales globally, or all of their sales outside of China? And that was my last question. Thank you.

William Merritt - President and Chief Executive Officer

So the arbitration itself is dealing with the rates for the non-China sales. The structure of the resolution we have with them talks to how you get in the entire agreement done with them. So and I think, again, that arbitration is certainly a process that we're very comfortable with. We've always had good success in arbitration, I think, because we take very, very well reason, well-grounded positions, we don’t overreach, and I think our history of licensing will be very powerful in that arbitration. So, the result of that arbitration and then the overall settlement with Huawei ultimately leads to a resolution of a license for all of their sales.

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